RedFish LongTerm Capital SpA (MIL:RFLTC) PB Ratio : 0.80 (As of Jun. 05, 2024)

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What is RedFish LongTerm Capital SpA PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-05), RedFish LongTerm Capital SpA's share price is €1.26. RedFish LongTerm Capital SpA's Book Value per Share for the quarter that ended in Dec. 2023 was €1.57. Hence, RedFish LongTerm Capital SpA's PB Ratio of today is 0.80.

Good Sign:

RedFish LongTerm Capital SpA stock PB Ratio (=0.86) is close to 1-year low of 0.85

The historical rank and industry rank for RedFish LongTerm Capital SpA's PB Ratio or its related term are showing as below:

MIL:RFLTC' s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.03 Max: 1.21
Current: 0.81

During the past 3 years, RedFish LongTerm Capital SpA's highest PB Ratio was 1.21. The lowest was 0.81. And the median was 1.03.

MIL:RFLTC's PB Ratio is ranked better than
73.69% of 1680 companies
in the Asset Management industry
Industry Median: 0.94 vs MIL:RFLTC: 0.81

During the past 12 months, RedFish LongTerm Capital SpA's average Book Value Per Share Growth Rate was 25.90% per year.

Back to Basics: PB Ratio

RedFish LongTerm Capital SpA PB Ratio Historical Data

The historical data trend for RedFish LongTerm Capital SpA's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RedFish LongTerm Capital SpA PB Ratio Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

PB Ratio

0.83

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	-	-	-	0.92	0.83

Competitive Comparison of RedFish LongTerm Capital SpA's PB Ratio

For the Asset Management subindustry, RedFish LongTerm Capital SpA's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RedFish LongTerm Capital SpA's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's PB Ratio distribution charts can be found below:

* The bar in red indicates where RedFish LongTerm Capital SpA's PB Ratio falls into.

RedFish LongTerm Capital SpA PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

RedFish LongTerm Capital SpA's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.26	/	1.566
	=	0.80

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

RedFish LongTerm Capital SpA (MIL:RFLTC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

RedFish LongTerm Capital SpA PB Ratio Related Terms

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RedFish LongTerm Capital SpA (MIL:RFLTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

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